Levelset

MARCH 24, 2022

Many Utah contractors are familiar with the construction lien process to secure payment for work or materials used in a building project. Utah actually gives them a similar payment tool, known as a preconstruction lien. However, the steps to claim one differ from the standard construction lien process. Preconstruction liens v.

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Lien Utah Claims Security 52

Levelset

MARCH 16, 2022

During this first phase, pre-construction , the project owner will consult with an architect or design firm about an idea or plan. The designer will then help the project owner flesh out their ideas, determine a preliminary budget and timeline, and even assist the project owner in determining whether or not the project is feasible.

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Lien Construction Budgeting Budget 52

Levelset

FEBRUARY 10, 2022

Preconstruction is the initial stage of a construction project where an idea starts to become a reality. It’s at this point that the client can determine whether the project is feasible or not. In turn, the general contractor will take that information and determine if the project is feasible. What is preconstruction?

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Risk Feasibility Bidding Budgeting 52

Buisness Facilities Contributed Content

MARCH 21, 2014

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

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Income Finance Zoning Equipment 75